Central Bank of Nigeria has once again spoken about its plans for Cryptocurrency in Nigeria at a time Bitcoin rose to its highest level in months above $30k.
The Central Bank of Nigeria (CBN) has issued a new guideline on funds left in bank accounts that have remained dormant for upwards of one year or ten years.
The new bank ID system will also leverage the national ID systems of the concerned nations and help them in their efforts to enhance financial integration.
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The Central Bank of Nigeria (CBN) plans to clean up the banking sector and reduce fraud by closing millions of bank accounts in various financial institutions.